Get Approved at The Lowest Rate
Traditional mortgage requirements in Sylmar, CA can often be challenging, especially for self-employed individuals or those with non-traditional income sources. A Bank Statement Home Loan offers a flexible and convenient alternative, making homeownership more accessible for those who might not fit the standard loan criteria.
A Bank Statement Home Loan is designed for individuals who can demonstrate their ability to repay the loan through their bank statements rather than traditional income documentation such as W-2s or tax returns. This loan program in Sylmar, CA is ideal for self-employed borrowers, freelancers, contractors, and small business owners who have a steady income but may not have the conventional paperwork to prove it.
Use your bank statements (usually 12 to 24 months) to verify income in Sylmar, CA instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.
Secure financing for a wide range of loan amounts in Sylmar, CA, making it easier to purchase your dream home or refinance your existing mortgage.
Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Sylmar, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Sylmar, CA may not require PMI, potentially reducing your monthly payments.
Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.
To qualify for a Bank Statement Home Loan, you need to meet the following criteria:
Ideal for individuals with self-employment income or other non-traditional income sources.
Provide 12 to 24 months of personal or business bank statements in Sylmar, CA to verify income.
A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.
Ability to make a competitive down payment in Sylmar, CA, typically ranging from 10% to 20% of the purchase price.
Horizon Lending Services is dedicated to providing tailored mortgage solutions that meet your unique needs. Our experienced team understands the challenges of securing a loan with non-traditional income and is committed to helping you navigate the process with ease. We offer personalized service, competitive rates, and a seamless application process in Sylmar, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Sylmar, CA? Contact Horizon Lending Services today to learn more about how this flexible loan option can help you purchase or refinance your home. Our knowledgeable professionals are here to guide you through every step of the process, ensuring a smooth and successful experience.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
A 12-month bank statement loan in Sylmar, California provides self-employed individuals an opportunity to secure financing without the need for traditional income verification. This type of loan allows applicants to use bank statements as proof of income, making it easier for those with inconsistent income or those who write off a significant portion of their earnings for tax purposes. Sylmar, California, is a diverse community located in the San Fernando Valley region of Los Angeles. The demographics of Sylmar consist of a mix of Hispanic, White, and African American residents, with a median age of around 32 years old. The area is known for its cultural diversity and welcoming atmosphere. In terms of the housing market, Sylmar offers a range of options from single-family homes to apartments and condos. The median home value in Sylmar is around $500,000, making it an affordable option within the Los Angeles area. The real estate market in Sylmar has been growing steadily, with an increase in home values over the past few years.
Benefits of 12 Month Bank Statement Loan in Sylmar, California
